This course is an in-depth analysis of the theory of prices. Topics that are usually examined in this course are the theory of demand, production functions, costs and supply; price determination in the short and long run under alternative market conditions, as well as the determination of wages and factor payments. This course provides a basic theoretical foundation for other courses that apply microeconomic theory including labor economics, industrial organization, international trade, health care, etc.
Credit(s): 3
Repeatable for Credit? No Disciplinary Perspective(s): None Interconnecting Perspective(s): None University Graduation Requirement(s): Honors Scholar